« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Stephon Marbury

Declared War Over 2007 Land Rover

... Lawsuit Says

1/8/2014 5:06 PM PST BY TMZ STAFF
EXCLUSIVE

0108-stephon-marbury-tmzStephon Marbury doesn't make good decisions (see: eating vaseline) ... but he made a spectacularly bad decision back in 2007 in a deal for a Land Rover, this according to legal docs obtained by TMZ Sports.

Marbury -- who made more than $88 MILLION in his NBA career -- is being sued for "refusing" to make his car payments on a Land Rover he bought back in 2007.

But the real story is the contract Stephon signed with the dealer -- which shows he agreed to a 6-year lease on the $96k vehicle ... with a ridiculously high 11.5% interest rate.

If you're keeping score ... Marbury agreed to pay roughly $37,000 IN INTEREST ALONE if he kept the car through the end of the lease for a total of $133k on a $96k whip.

That's not fiscally responsible.

As for the lawsuit, the creditors claim Stephon stopped making payments in 2012 ... and owes them $35k for the car.

We reached out to Marbury ... but couldn't get in touch with the guy.

For more sports stories, check out tmzsports.com!
3 COMMENTS

No Avatar

1.

WickedSouL    

Wat a waste of time. ...come on tmz...u guys can get better news than this..

198 days ago
2.

GeneralNatty    

I thought the whole point of a lease is that you can into a new car every 2-3 years while the car is still under warranty. A 6 year lease on a land rover? A vehicle that loses its value almost overnight. I wonder if TMZ factored in the buyout at the end of the lease term as well? No wonder these fools go bankrupt.

198 days ago
3.

Monique    

He couldn't pay cause he had to give that money to his chef. That sue that ass.

197 days ago

Around The Web